Despite heavy snow in most parts of southern China, the country’s consumer prices index may grow 6.5 percent year on year in January, roughly the same as the December, Chen Xiwen, head of the Office of the Central Leading Group on Rural Work, said on Thursday at a State Council press conference.
“The storms have had [...]
The first cellular handset from ZTE U.S.A., a subsidiary of China-based ZTE Corp., will be available in February through carrier MetroPCS.
The company’s midtier dual-band 800/1900MHz CDMA phone, the clamshell ZTE C88, features dual 2-inch and 1-inch LCD color displays, talktime up to three hours, standby time up to 120 hours, a polyphonic ringer, 60MB of [...]
Axerra Networks has announced that Taiwan Mobile has deployed its Pseudo-Wire solutions in its radio access network (RAN) for the backhaul of UMTS and GSM voice and data traffic. Axerra’s sytems enable Taiwan Mobile to utilize the power, flexibility, and cost-effectiveness of Carrier Ethernet as a full-service alternative to TDM backhaul in the mobile wireless [...]
The following excerpts explain why Zacks senior Chinese market analyst Paul Cheung, CFA remains neutral on China Petroleum and Chemical Corporation , the petroleum and petrochemicals company:
Sinopec recently reported strong financial results for the first three quarters of 2007. While a number of uncertainties remain, we believe that the near- to-medium-term environment supports its continued [...]
In fact, prior to Bank of Communications’ partnership with Changshu Rural Bank, Europe’s largest bank, HSBC, already opened a wholly owned subsidiary in rural Suizhou in central China in last December.
In addition, other significant foreign lenders, such as New York-based Citigroup and Asia-focused bank Standard Chartered are also preparing to open rural banks in China.
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Major Chinese cities are set to follow the lead of Beijing and Shanghai by including transient workers in their calculations of annual per-capita gross domestic product (GDP), rather than just the registered population.
Major cities like Beijing and Shanghai made the change in government reports of the 2007 economic performance, which were reviewed at the recent [...]
